The accelerator will attract this number of companies whose specialties have varied in different sectors including advanced industries, manufacturing technology, smart cities, sustainable design, construction technology, smart materials, drones, robots, artificial intelligence, and other industrial technologies.
The program aims to support international startups during their stages of development, in order to expand their technologies at various regional levels, as well as to qualify for a set of prizes worth $ 450,000.
In the next stage of this global program, an arbitration committee will be formed, represented by a group of representatives of a number of companies and government and private bodies, which will evaluate the emerging companies nominated by the end of this July, to join the accelerator program, to start then and continue until next November 4, training the team, and guidance from Before the best companies, support how to expand the company and its development.
The winner will be chosen on November 5 to be awarded the main prize, and the complex offers all support to startups to expand their scope even after acceleration and support in its new headquarters for one year.
The launch of this initiative, which is represented in this global accelerator, is a translation of the complex’s efforts aimed at strengthening Sharjah’s position on international indicators and rankings.
Hussain Al Mahmoudi, CEO of Sharjah Research, Technology and Innovation Complex, stated that Sharjah occupies a distinguished position in the emerging business world, as it is considered a leading global center in the field of innovation, research and entrepreneurship, based on its orientations towards the knowledge economy by supporting, encouraging and developing the innovation system, and supporting Applied and technological scientific research.
It reflects the UAE’s proactive vision that focuses on the outputs of the Fourth Industrial Revolution in enhancing its readiness for the future, and developing innovative solutions to challenges that meet the requirements of the next stage, and this is what motivates all business incubators to work towards finding initiatives and accelerators to translate and achieve this vision.